4634 South Wallace , Chicago, IL 60609
Back of the Yards
Excellent turnkey investment in up and coming Canaryville. Well maintained two flat. Features a 3 bedroom/2 bath 1495 square foot owners unit with master bath and in-unit washer/dryer and deck and one 2 bedroom/1 bath. Roof 2014, garage 2007, and A/C condensers 2014. Individual hvac and water heaters. Owner pays only water and insurance (no gas or electric). Long term tenants, great location, lots of new construction on this block. This is perfect for a family who wants $2k income or investor. Currently 6.9% cap rate with 8 year tenant who recently moved out (unit 2) paying under market rent, could easily be 8% cap rate.